AVO - Avoca Resources

[michael_selway]

We should hopefully be seeing some rises in the next few days/weeks as the first ore feed is conducted...a major milestone in any mining company.

AVO have massive ramp up projections for '09 which will be nice to see...maybe they can slip in a divi!

JTLP

Hi do you know what the expected mine life is at teh max production rate?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -2.7 -2.0 15.5 25.1
DPS 0.0 0.0 0.0 0.0

thx

MS

 

[JTLP]

Hi do you know what the expected mine life is at teh max production rate?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -2.7 -2.0 15.5 25.1
DPS 0.0 0.0 0.0 0.0

thx

MS

Hi MS,

Initial Reserve mine life is: 4 years to 2011

This is expected to increase with the inferred resource from Trident as well as other unclassified ore grade sections at Trident.

A Nominal annual production rate (post mine establishment) of 1Mt of ore for 160 - 190Koz per annum.

They also have some more recco's from Argonaut and Bell Potter...all recommending AVO as a very strong/solid emerging gold producer with low cash operating costs ($369/oz).

Thanks

JTLP

 

[alfaracing]

Things seem to be moving along VERY nice for Avoca. I think i may just hold on for a while

Check out the latest

 

[JTLP]

HERRO everybody =D

Well Avoca had its first gold pour today!

What a significant achievement for any company. They now have cash flow!
At the end of June the company had 145,000 tonnes at 4.0 g/t gold of high grade material was stockpiled.

Hopefully this will alleviate some pressure off the SP and we start to see some prices more aligned with broker recommendations.

Chart wise, still in an uptrend from Jan '08 D) LOL

Sometimes I feel like I am talking to myself with this little honey

 

[JTLP]

Poor AVO...cops another drop today!

GOLD didnt even drop a % today and AVO drops 5%

Which leads me to speculate that CBA are continuing to lighten their holdings...they have been doing so for quite a while (Oct '07).

Hopefully it all finishes up soon and AVO can start to head higher...i thought producing was a good thing!

Any chartists got some opinions on old AVO?

 

[JTLP]

WHAT THE HELL!!!

This is getting smashed now beyond belief.

Maybe CBA really need to get out (speculation but as I pointed out they have been gradually reducing their holdings).

GOLD only dropped 1% and LGL dropped only 4.5%. Why no love for AVO?

Anybody???

 

[explod]

WHAT THE HELL!!!

This is getting smashed now beyond belief.

Maybe CBA really need to get out (speculation but as I pointed out they have been gradually reducing their holdings).

GOLD only dropped 1% and LGL dropped only 4.5%. Why no love for AVO?

Anybody???

Same as all the other good gold stocks. Have a read of gold thread the last few days, also "Imminent and servere market correction" thread.

They will be back IMVHO

 

[michael_selway]

WHAT THE HELL!!!

This is getting smashed now beyond belief.

Maybe CBA really need to get out (speculation but as I pointed out they have been gradually reducing their holdings).

GOLD only dropped 1% and LGL dropped only 4.5%. Why no love for AVO?

Anybody???

Hm was pretty good today

Date: 18/7/2008
Author: Michael Vaughan
Source: The Australian Financial Review --- Page: 63
Avoca Resources is one of the few success stories in the Australian gold miningsector in 2008. It bought the Higginsville project in Western Australia for $A4million in 2004. Its $A49.2 million processing plant was completed on time andunder budget, and the first gold was produced in July 2008. Avoca has reachedthis position through exploration. Its Trident deposit has a resource of 927,000ounces, comprising most of the project's 1.35 million ounces. The companyaims to produce 170,000 ounces of gold in 2008-09

thx

MS

 

[JTLP]

Hm was pretty good today

Date: 18/7/2008
Author: Michael Vaughan
Source: The Australian Financial Review --- Page: 63
Avoca Resources is one of the few success stories in the Australian gold miningsector in 2008. It bought the Higginsville project in Western Australia for $A4million in 2004. Its $A49.2 million processing plant was completed on time andunder budget, and the first gold was produced in July 2008. Avoca has reachedthis position through exploration. Its Trident deposit has a resource of 927,000ounces, comprising most of the project's 1.35 million ounces. The companyaims to produce 170,000 ounces of gold in 2008-09

thx

MS

Sure did Michael.

Nice hits today at Higginsville will ensure a longer mine life then what the very conservative management have stated.

Also a substantial holder upping their position (lol still doesn't outweigh what CBA have been dropping!).

Hopefully tomorrow brings some more of the green!

 

[Go Nuke]

Hopefully tomorrow brings some more of the green!

Nope no love for AVO today..or any other gold stocks..or resources for that matter.
Seems the ann on Higginsville wasn't enough to stop people pulling the pin on gold.

I'd assume that the money is flowing from gold back into banks. Must be more optimisim out there about the world wide economy.

 

[JTLP]

Dear Avoca,
I have long admired your crisp, efficient management style that has in no less then 4 years constructed a fantastic, fully operational gold mill with decent graded ore and a reasonable mine life.

Your continual resource upgrades around the Higginsville area are also nothing to be scoffed at; plus the fact that you are now producing gold thus creating cash flow is an incredible achievement (insert symbolic high 5 here).

So tell me, my dear Avoca, why the market does not like you? Were you a bully as a child? Are you from some misunderstood/lost culture that society fears?

Please write back to me soon my love...for I fear the worst is not over...you may still be in danger! Hold strong, shine when others are fading...and maybe one day you will truly be recognized for what you are...

Until we meet again...I love you

Signed:

JTLP

 

[alfaracing]

Hi JTLP

I hear you and i support you on this one but im sad to say i did sell up last week. Our beloved Avoca kept diving so i bailed out.
However, i would like to say thank you to Mr Avoca he did me well during the last 14 months.

JT i will still be keeping AVO on my watch list as i think it will have some great profits to come.

 

[JTLP]

SMASH!!!

CBA must be offloading their shares at a rapid rate...there is no other explanation for this drastic sell off...

No point in me selling out now...shoulda flogged them at $2.90!

Another one (like CVN) that has sound fundamentals but getting slammed by insto selling...bottom drawer is getting rather stuffy

 

[Nicks]

Check this out: http://www.globalspeculator.com.au/documents/AustralianGoldCompanyComparison_000.pdf

Avoca doesnt seem to fair to well.

 

[Sean K]

Check this out: http://www.globalspeculator.com.au/documents/AustralianGoldCompanyComparison_000.pdf

Avoca doesnt seem to fair to well.

Wow, doesn't that look similar to the graph that kbxk508 created?

Oooops.



https://www.aussiestockforums.com/forums/showpost.php?p=317199&postcount=129

 

[Nicks]

Hmmm yes it does, but if you look closely I think to his credit he has redone the graph with new figures and quoted the original source.

I think this came out in May. Interesting to note the downtrend in AVO SP since then.

I sold out of my initial holding earlier in the year thankfully. Picked up a few out of nostalgia the other day at $1.88. Bit disappointed the company seems to have reverted to desperately releasing 'news' as the SP has been dropping. Better off just getting down to solid business.

I say 'news' as the grades they released and how they released it seem to be nothing but trying to create sensation. If you look further into it though the depths are like...... deep! Not sure how much use these findings are?

 

[Go Nuke]

Even though that chart is pretty heavy reading from my point of view thanks alot of putting it up!

I think after reading all that, i should be happy with my shares in IAU

I can look back now and be happy with my sale of AVO some time back..even if it wasn't at its highs

 

[JTLP]

Err...i think i posted the TCO for AVO is something in the 3 or 4 hundreds...read a few pages back.

Anyway, shot off an e-mail to the company last night and got a response today...here tis:

Dear JTLP,



Thanks for your email. Please see below where I have answered your questions.



Regards,



Rohan Williams

Managing Director

Avoca Resources Limited

PO Box 1156 West Perth WA 6872

Level 1 31 Ventnor West Perth WA 6005

Phone +61 8 9226 0625

Fax +61 8 9226 0629

Mob +61 439955051







Dear Rohan,

Firstly, congratulations on the completion of the Higginsville treatment plant. To have finished the project on time and on budget is a fantastic achievement.

I just have a few questions concerning Avoca:

1. Why is the price of AVO continually being pushed down? Are CBA selling out of there total position? This is a mystery to me as well. We have released no news that could be construed by the market as disappointing. We have no bad news. Many brokers I have spoken to of late tell me there are no rumours in the market. I suspect the selling is a combination of redemptions on some fund managers and the need to generate cash (so sell liquid stocks like Avoca), and the general malaise of the Australian gold sector: investors are tarring all Australian gold companies with the same sell brush. I do not know what CBA are doing. They are still significant shareholders.

2. Avoca have published some fantastic hits around the Higginsville area (Chalice & Artemis). When can shareholders expect a resource upgrade? We are working on a resource upgrade and hope to get it out during this qtr.

Thank you and I look forward to your response,

Regards,

JTLP

 

[Nicks]

Sold out any remaining shares I had in AVO today. Gold looks under too much pressure ATM. Perhaps if oil turns back around I might get back in, but atm will just sit on the side.

 

[stock_dexter]

Looks like the boys at AVO are catching Olympic Fever...going for gold!

Today's announcement...

Avoca Resources Limited (Avoca) is pleased to announce that the recent infill drill program at its exciting Musket Prospect has intersected additional shallow, high grade gold mineralisation, confirming it as a new outcropping gold discovery at its 100% owned Higginsville Gold Project, located in Western Australia.